Annual report pursuant to Section 13 and 15(d)

RELATED PARTY TRANSACTIONS

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RELATED PARTY TRANSACTIONS
 12 Months Ended
Dec. 31, 2021
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS
Note 19
RELATED PARTY
 
TRANSACTIONS
At December 31, 2021 and 2020, certain officers and directors were indebted
 
to the Company’s bank subsidiary
 
in the aggregate
amount of $
3.8
 
million and $
4.3
 
million, respectively.
 
During 2021, $
2.4
 
million in new loans were made and repayments totaled
$
2.9
 
million.
 
These loans were all current at year-end.
Deposits from certain directors, executive officers, and
 
their related interests totaled $
50.1
 
million and $
41.9
 
million at December
31, 2021 and 2020, respectively.
Under a lease agreement expiring in 2024, the Bank leases land from a partnership
 
in which William G. Smith, Jr.
 
has an interest.
 
The lease agreement with Smith Interests General Partnership L.L.P.
 
provides for annual lease payments of approximately $
0.2
million, to be adjusted for inflation in future years.
William G. Smith, III, the son of our Chairman,
 
President and Chief Executive Officer,
 
William G. Smith, Jr.,
 
is employed as
President, Leon County at Capital City Bank.
 
In 2021, William G. Smith, III’s
 
total compensation (consisting of annual base
salary, annual bonus,
 
and stock-based compensation) was determined in accordance with
 
the Company’s standard employment
and compensation practices applicable to associates with similar responsibilities
 
and positions.